Nasdaq hits another record as productivity rises
The Nasdaq composite jumps to a new high while the Dow gains. NYSE volume reaches 1.04 billion shares. Eastern Iowa stocks show mixed results as RF Micro Devices and Wal Mart rise, while McLeodUSA and Deere slip. Soybean futures fall on Argentine rain improving crops. US acreage to rise modestly in 2000-01. Food Check-Out Day outreach and a half million Iowa dairy lab grant are noted along with a recall of Prometheus lighters.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE
Iowa
Wal-Mart
MCI WorldCom
Procter & Gamble
McLeodusa
Deere
United Fire
Chicago Board of Trade
Argentina
U.S
Diversified Software Industries to Move HQ to Coralville
Diversified Software Industries Inc. receives a $100,000 CEBA loan plus $74,000 in Coralville tax increment financing to complete its Coralville headquarters at 2475 Coral Ct Coralville. The firm, founded in 1996, rose from 186000 in 1996 to 1.4 million in 1999 and will create high tech jobs.
MENTIONED IN THIS ARTICLE
I.C
Coralville
Diversified Software Industries Inc
S. Gilbert St
Iowa Department of Economic Development
Ing
Coral Ct
Diversified Software Industries
Kelly Hayworth
Coralville City
Oakdale
CEBA
Ken Boyd
Productivity hits 7 year high as 1999 output rises 2.9 percent
U S productivity jumped 2.9 percent in 1999 the best showing since 1992 with a fourth quarter surge the strongest since late 1992 Economists credit faster computers and tech advances for the gain and say a tight labor market could threaten future productivity gains
MENTIONED IN THIS ARTICLE
Washington
Labor Department
U.S
First
David Orr
Audi TT recalls roll out to fix stability after crashes
Audi launches a voluntary recall to retrofit its TT roadster with ESP electronic stability to address consumer safety concerns after a string of deadly crashes. The program follows prior suspensions and a rear spoiler upgrade as chairman Franz-Josef Paehlgen apologizes while estimated costs reach 75 million dollars.
MENTIONED IN THIS ARTICLE
Peter Hommel
Audi
Franz-Josef Paelgen
Tightening Subprime Rules Could Hurt Low Income Borrowers
Regulators propose higher funding for banks handling high risk loans amid Bank failures and fraud losses. Lawmakers warn stricter subprime standards may chill lending in low income and minority neighborhoods. Keystone West Virginia and Best Bank Boulder figure in the risk discussion. Rep. Jim Leach and Rep. Carolyn Maloney urge caution as eight banks failed last year.
MENTIONED IN THIS ARTICLE
Washington
First National Bank of Keystone
Keystone
W.va
Best Bank of Boulder
Colo
Federal Deposit Insurance Corp
U.S
Best Bank
FDIC
Carolyn Maloney
D-N.y
HON Industries posts lower earnings despite record sales
HON Industries reports a 17 percent drop in fourth quarter earnings to 41 cents per diluted share on 469.4 million dollars in net sales up 9.6 percent from the prior year. Chairman Jack Michaels cites sales momentum while planning actions to raise profitability.
MENTIONED IN THIS ARTICLE
Jack Michaels
HON Industries
Also Mentioned on This Page
Linn County Farm Bureau
Dairy Foundation
Northeast Iowa Community-Based
Northeast Iowa Community College
Calmar
State of Iowa
Iowa State University
Consumer Product Safety Commission
Prometheus International
Prometheus
BizFacts
Manituring
Kai Qian
George C. Ford
Joel Naroff
Naroff
Min's
Frankfurt
Germany
United States
Paelgen
West Virginia
Jim Leach
House Banking Committee
Rep
Jim Leact
Alisteel Inc
Call Eastern Iowa Enterprise Council
The
EIEC
Non-Profit Organization
Line of Credit
Collins Community 2D Credit Union
Benton, Buchanan, Cedar, Delaware
Johnson, Jones, Iowa, & Linn Counties
NCUA
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